In recent years, the housing market is growing rapidly. More and more people are now showing interests in buying a house or a condo for real living, either as their first home or second one. After 2011 big flood, condominium market has received more feedbacks than single house. Even if the numbers of condos are increasing, the Bangkok property market seems to be slowing down and is expected to reach the maturity stage. Thus, many investors find themselves investment opportunities in upcountry regions instead. The market in main provinces like Hua Hin and Phuket is expanding. Due to urbanization and the fact of mobile society where people can move from one place to another more quickly and conveniently, more and more people are seeking for a residence outside Bangkok. Hua Hin and Phuket are listed to be ones of potential provinces for developing many housing projects. Even the tourists who spend their vacation longer in Thailand will prefer staying in one of those places. Hua Hin is famed as short getaway from crowded metropolitan life because it is around 200 km. away from Bangkok. The demand in condo is rising after the flood at the end of 2011, above all city condos. Some intend to keep them as sanctuary. But some will make profits from them by rental. For longer stay, many foreigners tend to rent a full serviced apartment or a condo in Hua Hin rather than staying in a hotel. The seaside residences are the most popular among them such as in Khao Tabkiab, Khao Tao and Cha-am. Phuket is a competitive market for developers. As a popular tourist destination for both Thai and foreigners, Phuket is targeted to become another province with high potential in property development and investment. Following the new trend of consumer behavior in the convenient location, condos in business district and near city go down well. Just in the first ten months in 2012, about 20 condominium projects with the total capital of 1.6 ten billion baht had been launched. Still, the house for rent Phuket is in demand for foreign tourists who plan to spend a couple of months there. Russian are number one in the group of international lessees. In general, the real estate market still has the continuously high growth in provinces. In Bangkok, people are inclined to have more interests in high-rise urban condos, especially, the ones along BTS and MRT. Although the economic situation and the approaching oversupply may affect the domestic property market at present, the real estate can be regarded as a long term lucrative asset.
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